MONTCLAIR, NJ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FAMILY PROMISE OF ESSEX COUNTY INC, founded in 1988, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2023.
ESTABLISHED IN 1987, FAMILY PROMISE OF ESSEX COUNTY, INC. (THE ORGANIZATION) (FORMERLY KNOWN AS INTERFAITH HOSPITALITY NETWORK FOR THE HOMELESS OF ESSEX COUNTY, INC.) IS BASED IN MONTCLAIR, NEW JERSEY. THE MISSION OF THE ORGANIZATION IS TO HELP HOMELESS AND AT-RISK FAMILIES ACHIEVE SELF-SUFFICIENCY BY PROVIDING SHELTER, SOCIAL SERVICES, AND HOUSING ASSISTANCE THROUGH A COMMUNITY-BASED APPROACH.
HOUSING AND STABILIZATION: 385 INDIVIDUALS RECEIVED HOUSING AND STABILIZATION SERVICES. HOUSING STABILITY IS THE OVERALL GOAL FOR ALL FPE PROGRAMS. FPE HELPS FAMILIES OBTAIN PERMANENT HOUSING BY...
HOUSING AND STABILIZATION: 385 INDIVIDUALS RECEIVED HOUSING AND STABILIZATION SERVICES. HOUSING STABILITY IS THE OVERALL GOAL FOR ALL FPE PROGRAMS. FPE HELPS FAMILIES OBTAIN PERMANENT HOUSING BY PROVIDING SECURITY DEPOSITS, UTILITY DEPOSITS, RENTAL ASSISTANCE, AND MOVE-IN ASSISTANCE. FPE CASE MANAGERS WORK WITH THEIR CLIENTS TO HELP THEM ESTABLISH AND ACHIEVE THEIR GOALS FOR HOUSING AND EMPLOYMENT. ADDITIONALLY, CASE MANAGERS ASSIST CLIENTS WITH HOUSING SEARCH, APPLICATION, AND LEASING PROCESSES. ONCE HOUSED, FPE OFFERS YOUTH AND ADULT WORKSHOPS AND ECONOMIC MOBILITY MENTORING TO HELP FAMILIES IMPROVE THEIR HOUSEHOLD INCOME AND OVERALL WELL-BEING. SCHOOL SUPPLIES, HOLIDAY CELEBRATIONS, ETC. ARE AVAILABLE TO FAMILIES, AS WELL AS SUMMER CAMP OPPORTUNITIES AND OTHER EDUCATIONAL/COMMUNITY-BUILDING FIELD TRIPS. AS A SUPPLEMENT TO EXISTING STABILIZATION ACTIVITIES, FPE PARTNERED WITH CIRCLES USA TO LAUNCH THE FIRST CIRCLES CHAPTER IN NEW JERSEY IN LATE 2022. THE GOAL OF CIRCLES ESSEX COUNTY IS TO HELP FAMILIES MAKE THE JOURNEY OUT OF POVERTY AND TO REMOVE THE BARRIERS THAT KEEP THEM THERE. THE PROGRAM CREATES INTENTIONAL RELATIONSHIPS ACROSS INCOME LINES TO SUPPORT FAMILIES IN ACHIEVING THEIR GOALS, AND CREATES SOCIAL CAPITAL THROUGH BONDING, BRIDGING, AND LINKING PEOPLE ACROSS SOCIO-ECONOMIC LINES. FPE CASE MANAGERS PROVIDED OUTREACH, ENGAGEMENT, AND REFERRAL SERVICES TO AN ADDITIONAL 264 INDIVIDUALS IN THE COMMUNITY.
PREVENTION AND DIVERSION: 239 INDIVIDUALS RECEIVED PREVENTION AND DIVERSION ASSISTANCE. FAMILY PROMISE OF ESSEX COUNTY (FPE) PROVIDES PREVENTION AND DIVERSION ASSISTANCE FOR FAMILIES IN FINANCIAL...
PREVENTION AND DIVERSION: 239 INDIVIDUALS RECEIVED PREVENTION AND DIVERSION ASSISTANCE. FAMILY PROMISE OF ESSEX COUNTY (FPE) PROVIDES PREVENTION AND DIVERSION ASSISTANCE FOR FAMILIES IN FINANCIAL CRISIS AND ON THE VERGE OF BECOMING HOMELESS. PREVENTING OR DIVERTING FAMILIES FROM ENTERING SHELTER IS COST-EFFECTIVE, BETTER FOR PARENTS AND CHILDREN, AND AN ESSENTIAL PART OF OUR MISSION. ASSISTANCE INCLUDES CURRENT AND BACK RENT, FIRST AND LAST MONTH'S RENT AND SECURITY DEPOSITS. FAMILIES WORK WITH AN FPE CASE MANAGER TO ACHIEVE THEIR GOALS FOR STABLE HOUSING, INDEPENDENCE, AND SELF-SUFFICIENCY. FPE'S PROGRAMMING ALSO INCLUDES SERVICES SUCH AS JOB TRAINING, JOB SEARCH AND INTERVIEWING SKILLS; SEMINARS ON WORKPLACE PROTOCOL, BUDGET MANAGEMENT, LANDLORD/TENANT RELATIONSHIPS, APARTMENT MAINTENANCE, PARENTING, WELLNESS, AND NUTRITION; AND ASSISTANCE WITH CHILDCARE AND TRANSPORTATION OPTIONS.
EMERGENCY SHELTER: 43 INDIVIDUALS RECEIVED EMERGENCY SHELTER AND SERVICES. FAMILY PROMISE OF ESSEX COUNTY PROVIDES TEMPORARY SHELTER FOR FAMILIES IN EXTENDED-STAY MOTEL ROOMS AND A RENT-SUBSIDIZED...
EMERGENCY SHELTER: 43 INDIVIDUALS RECEIVED EMERGENCY SHELTER AND SERVICES. FAMILY PROMISE OF ESSEX COUNTY PROVIDES TEMPORARY SHELTER FOR FAMILIES IN EXTENDED-STAY MOTEL ROOMS AND A RENT-SUBSIDIZED LARGE HOME THAT WE LEASE THROUGH ONE OF OUR INTERFAITH HOSPITALITY PARTNERS. OUR SHELTER MODEL ALSO INCLUDES COMPREHENSIVE GUIDANCE, AND REFERRALS TO FIND HOUSING AND JOBS THROUGH CASE MANAGEMENT BY FPE CASE MANAGERS, AS WELL AS COMMUNITY ENGAGEMENT AND MEAL AND GROCERIES DELIVERIES THROUGH CONGREGATIONAL PARTNERS AND OTHER VOLUNTEERS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $1,288,321 | $1,333,999 | 0.0% |
| Expenses | $1,278,887 | $1,304,324 | 0.0% |
| Net Income | $9,434 | $29,675 | -0.7% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| CHRIS MURPHY | PRESIDENT | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| GIGI LOH | TREASURER | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| MICHELLE KUDESH | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| LIZZIE WOLFF | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| DALE RUSSAKOFF | SECRETARY | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| MIRIAM CHILTON | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| JANE ZOIDIS-QUINN | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| ABIGAIL CARLTON | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| LAMONT SWITTENBERG | VICE PRESIDENT | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| DAVIANNE HARRIS | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| DOROTHEA AERY | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$95,052 | $1,452 | $96,504 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $1,288,321 | $1,278,887 | $995,518 | $9,434 |
| 2022 | $1,333,999 | $1,304,324 | $898,204 | $29,675 |
| 2021 | $1,063,647 | $852,212 | $879,190 | $211,435 |
| 2020 | $888,617 | $752,250 | $760,992 | $136,367 |
| 2019 | $747,874 | $879,202 | $419,404 | $-131,328 |
| 2018 | $781,376 | $840,661 | $557,394 | $-59,285 |
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